TORONTO, May 08, 2019 (GLOBE NEWSWIRE) -- Foresters Financial™ today announces the further bolstering of its senior leadership team with the appointment of its new Chief Operating Officer, Bruce Hodges, as the organization repositions itself to focus on its core life insurance business.
Joining recent appointments Marcia Mendes d’Abreu, Chief Human Resources Officer; Alvin Sharma, Global Chief Financial Officer; and David Longfritz, Chief Marketing Officer, Bruce rounds out the leadership team at this unique life insurer whose mission is to give back to the communities in which its clients live.
Bruce comes to Foresters at a transformative time following the organization’s April announcement to sell assets related to its U.S. asset management business.
With 30 years of financial services, insurance and IT expertise, Bruce has leadership and international experience at Generali, ING, Manulife Financial and Sun Life Financial that spans markets including North America, Europe and Asia.
Under the direction of Foresters President and CEO, Jim Boyle (formerly John Hancock CEO and a member of Manulife’s Executive team), this purpose-driven organization continues to build off successive years of record sales, positioning Foresters for long-term growth and success.
About Foresters Financial
Since 1874, Foresters Financial has been providing socially responsible financial services to individuals and families. Foresters Financial includes The Independent Order of Foresters, the oldest non-denominational fraternal benefit society. Foresters is a purpose-driven organization that exists to enrich family and community well-being and offers insurance products to over three million members and clients in Canada, the US and the U.K. For 18 straight years, The Independent Order of Foresters has received an “A” (Excellent) rating from A.M. Best.1 For more information please visit foresters.com
1. The A.M. Best rating assigned on August 2, 2018 reflects the overall strength and claims-paying ability of The Independent Order of Foresters (IOF) but does not apply to the performance of any non-IOF issued products. An “A” (Excellent) rating is assigned to companies that have a strong ability to meet their ongoing obligations to policyholders and have, on balance, excellent balance sheet strength, operating performance and business profile when compared to the standards established by A.M. Best Company. A.M. Best assigns ratings from A++ to F, A++ and A+ being superior ratings and A and A- being excellent ratings. See ambest.com for our latest rating.
For more information:
Greg Hubert
Foresters Financial
416-429-3000 X 4044 (NA)
ghubert@foresters.com